Global Cloud Kitchen Market - 2023-2030

Global Cloud Kitchen Market - 2023-2030

The Global Cloud Kitchen Market size reached US$ 56.7 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 122.5 billion by 2030. The market is expected to exhibit a CAGR of 10.1% during the forecast period 2023-2030.

Cloud kitchen-based restaurants rely on orders placed through their websites because their entire business model is based on delivery. All of these things enable these restaurants to diversify and increase the variety of their patrons. They offer a nuseveralefits

, including making it easier to execute to-go orders and allowing restaurants to run more than one brand from a single kitchen.

Along with an increase in selling points, deeper penetration by organized retail players, and more freezer space in retail channels, the cloud kitchen market will also continue to grow at a healthy rate due to rising customer acceptance. The hectic lifestyles of consumers and shifting dietary preferences present numerous potentials for the cloud kitchen market globally.

Market Dynamics

The Demand for Digital Ordering Solutions is Driving the Market Growth.

The cloud kitchen market growth is driven owing to consumers' growing preference for online meal services over on-site eating. When dine-in restaurants were forced to close during the COVID-19 pandemic as a precaution to stop the virus's spread, online meal ordering and delivery services became more popular among customers.

To better serve clients and take orders, numerous restaurateurs have created cloud kitchen outlets in response to the growing demand for online meal delivery services, which is responsible for driving the cloud kitchen market growth during the forecast period of 2023-2030.

Increasing Consumption of Fast-Food is Associated with Side Effects, which is Limiting the Market Growth by Reducing the Online Orders.

Potential consumers tend to be drawn to fast food products by their taste, distinctive product options, and accessibility. However, regular use of these products has a detrimental impact on consumers' health. For instance, most fast-food items—including drinks and sides—are high in carbs and low in fiber. As a result, eating a lot of carbohydrates might cause frequent blood sugar increases.

According to the International Diabetes Federation report, A total of 537 million individuals (20-79 years old) worldwide have diabetes. By 2030, there will be 643 million diabetics worldwide, and by 2045, there will be 783 million. As a result, there is a higher risk of insulin resistance, type 2 diabetes and weight gain. These elements are anticipated to limit cloud kitchen market growth.

COVID-19 Impact Analysis

The COVID-19 Analysis includes Pre-COVID Scenario, COVID Scenario and Post-COVID Scenario along with Pricing Dynamics (Including pricing change during and post-pandemic comparing it with pre-COVID scenarios), Demand-Supply Spectrum (Shift in demand and supply owing to trading restrictions, lockdown and subsequent issues), Government Initiatives (Initiatives to revive market, sector or Industry by Government Bodies) and Manufacturers Strategic Initiatives (What manufacturers did to mitigate the COVID issues will be covered here).

Segment Analysis

The global cloud kitchen market is segmented based on type, nature and region.

In the Global Market of Cloud Kitchen, the Franchise Segment Holds the Largest Market Share.

The global cloud kitchen market has been segmented by nature into a franchise, stand-alone. The franchise segment held the largest cloud kitchen market share in 2022 in the cloud kitchen market analysis report. The segment growth is due to the rising number of franchised restaurants around the world. Operators are being encouraged to invest in well-known brands by the consumer preference for ethnic delicacies and customized foods.

The franchisor also offers training and assistance, including marketing and staff training, supplies and equipment, so opening such restaurants entails fewer risks. As a result, advantages including the low risk of starting a cloud kitchen and receiving a sizable profit share are anticipated to fuel the segment's expansion.

Geographical Analysis

The North America Held the Largest Share of the Cloud Kitchen Market.

The North American cloud kitchen market held the largest market share of 45.4% in 2022 in the cloud kitchen market analysis. due to the rising demand for ready-to-eat food and the many methods that big nations like the United States and Canada are ordering food via the internet, phone, and mobile apps.

A favorable impact on the cloud kitchen market growth rate in the region has been made by the 52% of consumers who believe that ordering takeaway or delivery is necessary to their way of life, as reported by the National Restaurant Association's consumer trend in 2020.

Competitive Landscape

The major global players in the market include Zomato, Rebel Foods, Kitchen United, Kitopi, KEATZ, Starbucks, Ghost Kitchen Orlando, Zuul Kitchen, Doordash Kitchen and Dahmakan.

Global Recession/Ukraine-Russia War/COVID-19, and Artificial Intelligence Impact Analysis:

Covid-19 Impact:

Every industry was affected by COVID-19, but the food and beverage (F&B) sector was one of the hardest hits. But as time went on, virtually every industry discovered ways to deal with the pandemic.

To compensate for the losses sustained during the previous two years due to the lockdowns, the F&B business also developed new strategies. The F&B business announced that ""Cloud kitchen"" will be their primary tool in the fight against COVID-19.

Because of this, the popularity of cloud kitchens has skyrocketed in India. The pandemic couldn't stop us from ordering our favorite meal because Indians are known for their love of eating. This inspired a lot of restaurants to start cloud kitchens.

RedSeer Management Consulting estimates that the market for cloud kitchens in India would grow from $400 million in 2019 to $2 billion in 2024. Not only that but by 2023, the market for cloud kitchens is projected to grow to $1.05 billion. To profit from the craze, food aggregators are making aggressive investments in cloud kitchens.

AI Impact:

The assistance of AI and ML is providing the cloud kitchen with the framework for becoming more successful and brilliantly reorganizing its operations. Technology is advancing quickly in the twenty-first century.

Numerous practical innovations and cutting-edge, innovative technologies have helped us better understand the world. AI is one such innovation. Everything these days is built on AI and restaurant owners are the newest to adopt this booming technology.

The technology behind online meal delivery companies has long been excellent, but as more people choose to eat at home, cloud kitchens are becoming more popular and AI is only increasing their profitability.

AI aids cloud kitchens in selecting the appropriate cuisines, determining the menu mix, controlling inventories and handling client feedback. The way restaurants operate has greatly benefited from machine learning.

Why Purchase the Report?
• To visualize the global cloud kitchen market segmentation based on type, nature, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities in the market by analyzing trends and co-development.
• Excel data sheet with numerous data points of cloud kitchen market-level with all segments.
• The PDF report consists of a cogently put-together market analysis after exhaustive qualitative interviews and an in-depth market study.
• Product mapping is available as Excel consists of key products of all the major market players.

The Global Cloud Kitchen Market Report Would Provide Approximately 93 Tables, 109 Figures and 190 Pages.

Target Audience 2023
• Manufacturers / Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies